Economic Support in the Corona Crisis from the State of Baden-Württemberg
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Economic Support
in the Corona Crisis from
the State of Baden-Württemberg
Dear Reader,
The impact of the coronavirus pandemic has struck our economy with full force.
The extent and scope of the recession we are dealing with demands a long-term
strategy to get our economy going again and to preserve the healthy economic struc-
ture of our state. Right from the start of the crisis, the government of the state of
Baden-Württemberg took action and was one of the first federal states of Germany
to introduce the Corona Emergency Aid programme. In a very short period of time,
we had adapted established subsidy programmes to the changed needs and had
launched additional aid programmes. We are doing this to provide effective support
for the businesses in our state and ensure that the right help is available to safeguard
liquidity and preserve jobs. This brochure provides a brief overview of the range of
funding and the support we offer.
In addition to the programmes of our state, the Federal Government of Germany
has also decided on a set of measures to help businesses. You will find a summary of
their programmes on the website www.bmwi.de
All the best and stay healthy!
Dr. Nicole Hoffmeister-Kraut, MdL
Minister for Economic Affairs, Labour and Housing of the state of Baden-Württemberg
Contents
Crisis Consultation Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Financial Subsidies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Supplementary support by the state of Baden-Württemberg
in addition to the interim aid from the Federal Government –
fictive management salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Gastronomy Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Coach Tourism Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Support for Fairground Entertainers and the Events Sector . . . . . . . . 4
Liquidity Support . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Liquidity Loan Plus and Liquidity Loan . . . . . . . . . . . . . . . . . . . . . . . 5
Start-up Financing/Growth Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Further Training Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Innovation Financing 4.0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Immediate guarantees for companies with up to ten employees . . . . 6
Other programmes of Bürgschaftsbank and L-Bank . . . . . . . . . . . . . 6
Other Funding Instruments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Start-up BW Pre-Seed and Pro-Tect . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Baden-Württemberg Investment Fund . . . . . . . . . . . . . . . . . . . . . . . . 6
Mezzanine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Service innovation and Digitisation –
Smart Services Competence Centre . . . . . . . . . . . . . . . . . . . . . . . . . 7
Shared Apprentice – Shared Training . . . . . . . . . . . . . . . . . . . . . . . . 7
Apprentice Transfers – Continued Training . . . . . . . . . . . . . . . . . . . . 7
Legal notice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
2 3
Note on distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Crisis Consultation Services
Liquidity Support
Corona Crisis Consultation Services were set up to help small and Beratungs- und Wirtschaftsförderungs-gesellschaft für Handwerk Liquidity Loan Plus and Liquidity Loan Further Training Financing
medium-sized businesses and self-employed individuals and profes- und Mittelstand (BWHM), DEHOGA Beratung und Unterneh- The liquidity loans are available to small and medium-sized com- Companies which sign up their employees for additional training
sionals to take stock of their current situation, map their liquidity mensberatung Handel. mercial businesses and self-employed professionals (usually with with qualifications to avoid placing them on short-time working
needs, and develop and implement a series of measures to deal with up to 500 employees) to cover their liquidity needs; the duration hours or plan courses for employees to upgrade their skills by trai-
the crisis. Up to four days of free consultations are available per case. Further information: of the loan can range from four to ten years and standard loans of ning them in new operating and digitisation processes can apply for
Businesses will only be required to pay VAT. Companies wishing to www.wm.baden-wuerttemberg.de/krisenberatung-corona/ up to 5 million Euros are available. The Liquidity Loan Plus ad- three to five-year low-interest loans to finance such measures from
make use of crisis consultation services can directly contact any one of ditionally includes a repayment bonus currently amounting to 10 the Further Training Financing 4.0 programme, provided as a lump
the four sector-specific advisory services RKW Baden-Württemberg, percent of the loan amount but not exceeding 300,000 Euros. To be sum (usually 20,000 Euros per employee signed up for further trai-
eligible to apply for the Liquidity Loan Plus, businesses must have ning).
a viable business model and a predicted crisis-related decrease in
Financial Subsidies turnover of 15 percent in 2020. Further information:
www.l-bank.de/wbf
Supplementary support by the state of Baden- Coach Tourism Aid Further information:
Württemberg in addition to the interim aid from the www.l-bank.de/liquiditaet Innovation Financing 4.0
Coach tourism companies which are experiencing liquidity prob-
Federal Government – fictive management salaries
lems because of the coronavirus crisis can receive support to bridge Small and medium-sized companies and larger medium-sized busi-
The interim aid programme of the German Federal Government has existing liquidity shortages. The maximum grant is 18,750 Euros per nesses can choose from among the four funding modules ‘Innovative
explicitly excluded the payment of entrepreneurs’ salaries from costs touring coach. Start-up Financing/Growth Financing
Projects’, ‘Digitisation Projects’, ‘Innovative Business Models’ and
eligible for federal funding. However, many self-employed people, Working capital grants available in the context of start-up or growth ‘Innovative Companies’ of the Innovation Financing 4.0 programme.
freelancers, owners of individual businesses and partners working in financing can also be used as an alternative to applying for a liquidity Loans range from 10,000 to 5 million Euros and can be as high as 25
Support for Fairground Entertainers and the Events
their own businesses need support to maintain the existence of their loan; however, they have a standard credit period of 5 years and no million Euros for larger businesses.
Sector
business. They can therefore receive a supplementary grant from option for early repayment without incurring additional charges.
the state of Baden-Württemberg in the form of a fictive entrepre- On 28 July, the government of the state of Baden-Württemberg de- Further information:
neur’s salary. If they meet the requirements for interim aid, they cided to launch a Corona Repayment Support programme for the Further information: www.l-bank.de/inno
can receive a grant of to up to 1180 Euros per month for a maximum fairground and amusement parks sector, the events industry and the www.l-bank.de/gf
of three months for the period June to August 2020. taxi sector in the form of a repayment bonus. The Corona Repay- und www.l-bank.de/wf
ment Support consists of a one-off bonus of eighty percent of half of All subsidised loans from L-Bank
Detailed information on the supplementary grant the applicant company’s annual repayment instalment for 2020. Re- can be accompanied by combined
from the state of Baden-Württemberg in the context of payment instalments for 2020 based on standard amortisation sche- guarantees from Bürgschaftsbank.
the interim aid is available at: dules are eligible for support, starting from the date of authorisation
www.wm.baden-wuerttemberg.de/ueberbrueckungshilfe-corona/ of the loan. The maximum available grant with a repayment bonus
is 150,000 Euros per applicant.
The programme can be combined
Gastronomy Aid with the interim aid programme
of the federal government and
The Corona Stabilisation Support programme for the hotel and cate- the supplementary state grant of
ring sector which follows on from the Emergency Relief programme a fictive entrepreneur’s salary. The
consists of a one-off, non-refundable grant which aims to bridge a Corona Repayment Support will
liquidity shortage lasting three months. be implemented as soon as pos-
Depending on the actual liquidity shortage, the grant is: sible with the help of a service
• 3000 Euros for three months for businesses entitled to apply, as provider.
well as
• 2000 Euros for three months for every employee (equivalent full-
time working hours) working for the business.
The total amount of the stabilisation grant is limited to a proven
liquidity shortage during the funding period.
Further information:
www.wm.baden-wuerttemberg.de/stabilisierungshilfe-hoga
4 5
Guarantees
Immediate guarantees for companies with up to ten attractive and favourable market conditions but not in the form of
employees subsidies. When the companies recover over the longer term, the
expectation is that they will repay the state and government funding.
If the assessment is positive, self-employed persons, freelancers and
small businesses of up to ten employees can receive an electronic
advance confirmation of a guarantee covering up to 90 percent of
Further information:
a loan of up to 250,000 Euros using the portal “ermoeglicher.de” of
Other programmes of Bürgschaftsbank and L-Bank www.wm.baden-wuerttemberg.de/mezzanine
Bürgschaftsbank Baden-Württemberg. This advance confirmation is
sent directly to the credit institution chosen by the applicant. To en- If a company’s main bank is unable to provide an affected company
sure that the respective credit institution is prepared to provide the with a bridging loan because of a lack of collateral, then – depending
financing, the guarantee may be increased to 100 percent. The aim is on the amount of the loan – Bürgschaftsbank or L-Bank may assume Service innovation and Digitisation –
to provide direct first-time non-bank-related online access for appli- up to 90 percent of the risk. Bürgschaftsbank Baden-Württemberg Smart Services Competence Centre
cations from companies without a main bank, including hardship ca- provides guarantees of up to 2.5 million Euros, L-Bank is responsible Small and medium-sized companies can use the services of the
ses. The state of Baden-Württemberg is supporting this by providing for guarantees over 2.5 million up to a maximum of 20 million Euros Smart Services competence centre to lessen the impact of the crisis
a countersecurity. Companies with more than ten employees can also and additionally handles guarantees of over 20 million Euros backed through digitisation measures. The focus is on the development of
use the portal – but without the option of a guarantee of up to 100 by the state of Baden-Württemberg. new business models, the development of new digital services, the
percent, as they can access the KfW Fast-track Loan programme. use of service platforms and digital support for business procedures.
Further information: The free services range from webinars, information events and work-
Further information: www.buergschaftsbank.de/hilfspaket-corona-krise shops, smart services and individual consultations to the brokering
www.wm.baden-wuerttemberg.de/sofortbuergschaften und www.l-bank.de/corona of contacts to suitable partners with which to carry out planned
measures.
Further information:
Other Funding Instruments www.smart-service-bw.de
Start-up BW Pre-Seed and Pro-Tect
Shared Apprentice – Shared Training
Start-up BW Pro-Tect is an expansion of the funding programme financial instruments. Applicants to the investment fund must have
Start-up BW Pre-Seed for start-up companies hit by the coronavirus an annual turnover of not more than 50 million Euros or a balance Businesses on short-time working who allow their apprentices to
crisis. Start-up BW Pre-Seed helps to get start-up companies ready sheet total of not more than 43 million Euros in the last completed train for at least four weeks in a partner company will receive an
for their first round of financing. Start-up BW Pro-Tect now makes financial year. immediate subsidy of 1000 Euros.
it possible for start-ups which have already successfully completed
their first round of financing to apply for a repayable subsidy in the Further information: Further information:
form of a convertible loan which can cover capital needs of up to www.wm.baden-wuerttemberg.de/beteiligungsfonds www.wm.baden-wuerttemberg.de/azubi-im-verbund
200,000 Euros to bridge liquidity shortages until the next round of fi-
nancing. The state provides 80 percent of the funding and 20 percent
must be provided by a private co-investor. Mezzanine Apprentice Transfers – Continued Training
The range of instruments provided by the Mezzanine Participation Businesses which take on apprentices after the insolvency or unfo-
Further information:
Programme for Baden-Württemberg ranges from mezzanine forms reseeable closure of the previous company providing training will
www.startupbw.de/pre-seed
of financing such as convertible loans, subordinated loans, silent receive a payment of 1200 Euros for every apprentice they take on
www.startupbw.de/pro-tect/
partnerships to direct investments in selected cases. The Mezzanine from other companies.
Participation Programme will be implemented in co-operation with
the German Federal Government. The state of Baden-Württemberg Further information:
Baden-Württemberg Investment Fund www.wm.baden-wuerttemberg.de/azubi-transfer
will be providing 50 million Euros. This should generate financing
The investment fund is specifically aimed at companies located in of up to 250 million Euros. L-Bank will allocate the funds to accredi-
Baden-Württemberg which have between 50 and 250 employees and ted financial intermediaries who will pass them on to businesses in
are particularly important for the economy of Baden-Württemberg. the form of convertible loans, subordinated loans, silent partnerships
The aim is to strengthen their equity capital to improve their credit- and even direct investments in selected cases. The Federal Gover-
worthiness and ensure that they will continue to exist beyond the nment will bear 70 percent, the state of Baden-Württemberg will
end of the current crisis. bear 20 percent and the remaining 10 percent will be borne by the
To do this, the state of Baden-Württemberg will provide companies intermediary financing company which implemented the investment
with equity capital for a limited period of time or use equity-type or financial transaction. The programme funds will be available at
6 7
Legal notice Note on distribution
Publisher This information booklet is issued by the government of the state of Ba-
Ministry for Economic Affairs, Labour den-Württemberg in the context of its constitutional obligation to inform
and Housing Baden-Württemberg the public. It may not be used by a political party or by a party’s candidates
Neues Schloss, Schlossplatz 4 or assistants during an election campaign to canvass for votes. This applies
70173 Stuttgart to all election campaigns.
Phone: +49 (0)711 123-0
Fax: +49 (0)711 123-2121 The distribution of this booklet at electoral rallies or at information stands
Email: poststelle@wm.bwl.de of political parties, and the insertion, overprinting or affixing of campaign or
Internet: www.wm.baden-wuerttemberg.de publicity materials of a political party constitutes a misuse of this booklet.
The passing on of this booklet to a third party or parties for electioneering
Downloading and ordering
purposes is likewise prohibited. Similarly, even if there is no time-related
https://wm.baden-wuerttemberg.de/publikationen
connection to any forthcoming election, this printed material may not be
used in such a way that it could be construed as the publisher endorsing
Copyright
specific political groups. These restrictions apply irrespective of the means
© 2020, Ministry for Economic Affairs,
by which this booklet is distributed and the numbers which are dissemi-
Labour and Housing Baden-Württemberg
Stand 30.07.2020
nated.
Picture credits stock.adobe.com Parties are, however, permitted to use this information booklet to inform
Brian Mcgowan, unsplash.com/ their members.
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